After a long legal battle, Microsoft has finally completed its acquisition of Activision Blizzard King, which means that iconic PlayStation mascots Crash Bandicoot and Spyro the Dragon now belong to Microsoft. Xbox CEO Phil Spencer announced the news in a post, expressing excitement about the future collaboration between the two companies. The acquisition faced regulatory hurdles, with the U.K.’s regulatory body and the U.S. Federal Trade Commission needing to be convinced. However, Microsoft was able to overcome these obstacles and finalize the deal. As part of the agreement, Microsoft will sell Activision’s cloud gaming rights to Ubisoft. Despite this, the acquisition is seen as a significant win for Microsoft, as it expands its gaming portfolio and brings more joy and community to gamers worldwide.
| Date | Event |
|---|---|
| Oct. 13 | Microsoft’s acquisition of Activision Blizzard King is finalized |
| 20 months | Length of legal battles and regulatory hurdles |
| U.K.’s regulatory body (CMA) | Last to approve the acquisition |
| U.S. Federal Trade Commission | Also needed to be convinced |
| Microsoft | Must sell Activision’s cloud gaming rights to Ubisoft |
Source: DOTESPORTS
